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pigamma on Instagram: "The Poisson distribution models how many times an event occurs in a fixed time or space when events happen randomly, independently, and at a constant average rate (λ). It’s commonly used for counting rare events like incoming emails per hour or customers arriving at a store. A Poisson process extends this idea by describing when events occur over time under the same assumptions. It implies that the waiting time between events follows an exponential distribution. These tool
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